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20121201
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Search Results 0 to 7 of about 8 (some duplicates have been removed)
. >> absolutely. and you could argue that the u.s. could actually be benefitting right now because as rich grizz, we'r countries go, we're doing pretty well. this is still a very good place to invest. but there is a tremendous amount of uncertainty in our political process. i would say one other thing on the point of taxes. it's not just about math-- although i agree with mark's points. the bush tax increases on the upper income folks in the u.s. are about 5%. but they haveave big social impact because i think, again, you can look at europe and see what happens when you try to do austerity and don't have social cohesion and buy? and a feeling that everyone is doing their part. >> schieffer: mark. >> you know, my view is that these are really big issues we're trying to nail down here. this is entitlement reform, medicare, med karkd social security, the tax code. it would be lard for me to believe we could come to kumbaya over these poornz it is part of the process. it is quite amazing the way the policy makers designed this. i absolutely agree. the uncertainty is a killer. it's weighing on busine
the tubes. the price of u.s. treasury bonds were going up. so the fact is that we have a problem. i'm hoping that we'll deal with it, especially, you know, the old age entitlementes, because sooner or later, you and i are going to be old enough to qualify for medicare, and we're going to at the present time to be a good system. but we i think a little rationality is called for. >> schieffer: you're saying it's not as bad as it seems. the fact of the matter swhen the bush tax cuts run out at the end of the year, when payroll tax-- whatever they call it, runs out at the end of the year, people's taxes are going to go up. they may not be a crisis for some of the upper income folk but if you're down the line there, that's a big deal. >> and i fully believe that's going to be taken care of. but if you remember, when the clinton tax cuts-- tax rates were imposed in 1993, martin felledsteen, you know, a very substantial economist, wrote an op-ed in the "with the journal" that day predicting we were going into a deep recession pause of the tax rates. we went into a big boom. we're tingering on the e
al qaeda event that killed four people, tunisians, protecting the u.s. embassy there. so in a matter of two days you had an al qaeda-affiliated event. the intelligence said they're looking for western targets. that he want to be more aggressive. all of that is right. what i find absolute grossings in is they did not-- negligence is they did not take the right precautions -- >> schieffer: are the me just-- >> nor did they have the right plans to get them out. i tell you, this is a serious, serious event here-- >> schieffer: where will, did these people ask for help? weren't they asking for help? weren't they telling the people back in washington we need some security here? and why didn't they get it, congressman? >> that is a big part of the problem here is that if you don't-- >> well, we seem to have lost the congressman. senator, maybe you can help us. >> well, i can answer that. the ambassador was unhappy. there was a state department cable from tripoli that indicated concern with the security. some improvements were made. they were, clearly, inadequate improvements. and the outsid
in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> schieffer: sometimes in washington it all comes at once-- the good, the bad, the inexplicable. on friday we remembered one of the breast of us at a memorial service for hawaii senator daniel inouye. a true hero who lost his arm in world war ii. one of the last of the greatest generation, a man who came to washington before compromise was a dirt dirty word. the service came on a day when we also saw washington at its worst. the president and congressional leaders leaving town after partisanship again prevailed and they were unable to find a way to stave off what could be real economic chaos. and what other word but inexplicable could one use to describe the news conference
Search Results 0 to 7 of about 8 (some duplicates have been removed)